Ford Motor Co
Change company Symbol lookup
Select an option...
F Ford Motor Co
OPBK OP Bancorp
LUVU Luvu Brands Inc
FINV FinVolution Group
IVV iShares Core S&P 500 ETF
PKLBF Perk Labs Inc
LZ LegalZoom.com Inc
MTH Meritage Homes Corp
AAPL Apple Inc
GDL-C GDL Fund
Go

Consumer Discretionary : Automobiles | Large Cap Blend
Company profile

Ford Motor Company is an automobile company that designs, manufactures, markets, and services a full line of Ford trucks, utility vehicles, cars as well as Lincoln luxury vehicles. The Company operates in three segments: Automotive, Mobility and Ford Credit. The Automotive segment is engaged in developing, manufacturing, distributing, and servicing the vehicles, parts and accessories of Ford and Lincoln vehicles. The Mobility segment primarily includes the development of Ford’s autonomous vehicles and related businesses. The Company also holds ownership is Argo AI, which is a developer of autonomous driving systems, and Spin, which is a micro-mobility service provider. The Ford Credit segment is comprised of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Ford Credit offers a wide variety of automotive financing products to and through automotive dealers throughout the world.

Closing Price
$19.71
Day's Change
-0.04 (-0.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
20.19
Day's Low
19.49
Volume
(Light)
Volume:
59,648,059

10-day average volume:
84,167,264
59,648,059

Ford Renews $15.5 Billion in Revolving Corporate Credit Lines, Aligning Them With Sustainability Priorities in Ford+ Strategic Plan

4:10 pm ET September 29, 2021 (BusinessWire) Print

Ford today announced the extension of $15.5 billion in revolving credit lines, which now include key metrics that further align the company's financing actions with its commitment to operate a safe, sustainable and successful business - elements that are fundamental to the Ford+ plan for growth and value creation.

Specifically, the groundbreaking arrangement comprises extensions of three revolving credit lines: a five-year, $10.1 billion facility maturing in September 2026, along with a three-year, $3.4 billion facility and a three-year, $2.0 billion supplemental facility, both maturing in September 2024.

The facility renewals are distinguished by their inclusion of well-rounded measures demonstrating how Ford's environmental, social and corporate governance, or ESG, initiatives are integrated throughout its business - including how the company is leading the electric-vehicle revolution.

"Ford people recognize that what's good for the planet is good for business," said Dave Webb, the company's treasurer. "We're all accountable for creating a constantly safer and cleaner organization that sets an example for sustainability."

Sustainability-linked performance metrics reflecting Ford's actions and progress toward fighting climate change include:

Reducing greenhouse gas emissions from the company's manufacturing plants, in line with the Paris Climate Agreement's long-term temperature goal of limiting global warming and a 1.5-degrees Celsius path Increasing the percentage of renewable electricity consumed in Ford's global manufacturing plants, en route to an aspirational goal of 100% by 2035, and Lowering Ford of Europe's CO2 tailpipe emissions per passenger vehicle consistent with both the European Commission's comprehensive Greenhouse Gas Protocol standard - a "Scope 3" measure - and consistent with Ford's carbon neutrality goals.

Performance against defined annual targets for ESG performance could result in lower or higher costs of the facilities.

Also, starting with this year's extension, Ford is leading the corporate loan market's transition away from the LIBOR interbank rate by pricing its revolving credit facilities directly off of the daily SOFR interest rate for corporate borrowings. SOFR is the LIBOR replacement rate preferred by the Alternative Reference Rates Committee, or ARRC, a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York.

Ford partnered with Credit Agricole Corporate and Investment Bank to lead development of the sustainability-linked facilities.

The facilities are supported by a globally diverse lender group composed of 60 banks, led by JPMorgan Chase Bank, which served as the administrative agent and lead bookrunner. The relationship bank group was expanded to include Black-, Hispanic-, women- and military veteran-owned financial institutions, further highlighting Ford's commitment to diversity.

More information about Ford's sustainability leadership is available online at sustainability.ford.com.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company's Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.

For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005926/en/

SOURCE: Ford Motor Company

Media 
T.R. Reid
1.313.319.6683
treid22@ford.com

Equity Investment
Community 
Lynn Antipas Tyson
1.914.485.1150
ltyson4@ford.com

Fixed Income
Investment
Community 
Karen Rocoff
1.313.621.0965
krocoff@ford.com

Shareholder
Inquiries 
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com
comtex tracking

COMTEX_394264950/1006/2021-09-29T16:10:00

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2021. All rights reserved.